Exelon Generation on Aug. 26 announced that it plans to retire two nuclear plants in Illinois with a capacity of more than 4.1 gigawatts as they face revenue shortfalls due to falling energy prices and market rules that allow fossil fuel generators to underbid carbon-free resources in PJM Interconnection LLC’s capacity auction. The announcement follows…...
The Michigan Public Service Commission on August 20 authorized a settlement allowing DTE Gas to increase its revenues by $110 million, which is about 46 percent lower than the utility’s original request. The new rate, effective Oct. 1, will raise monthly residential bills for customers using 100 cubic feet of gas by about $2.97 or…...
The California Public Utilities Commission on Aug. 27 authorized a budget of $437 million to fund the installation of about 38,000 charging ports under Southern California Edison Company’s Charge Ready 2 program. The decision adopted changes that make the program more cost effective and better align with California’s electric vehicle goals than the utility’s initial…...
The twenty-fourth quarterly carbon auction held by California and Quebec sold nearly 89 percent of the carbon permits offered for current emissions, rebounding from a dip in the previous auction which sold only 37 percent, according to the results released on Aug. 25 by the California Air Resources Board. The auction generated about $474.4 million…...
